Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 5% in extended trading. Here is how the chipmaking conglomerate did versus LSEG consensus estimates for the quarter that ended Aug. 4: Earnings per share: $1.24 adjusted vs. … Read more
A man wearing Abbott’s Lingo biosensor. Courtesy of Abbott Abbott Laboratories announced Thursday its over-the-counter continuous glucose monitor Lingo is available in the U.S. starting at $49. Lingo is part of an emerging class of consumer-friendly biosensors that people can use to learn how their bodies respond to food, exercise, sleep and stress. These devices, … Read more
Scott Olson | Getty Images The New Mexico attorney general filed a lawsuit against Snap, alleging that its social media app Snapchat’s design and algorithmic recommendations “openly foster and promote illicit sexual material involving children and facilitate sextortion and the trafficking of children, drugs, and guns.” “Snap has misled users into believing that photos and … Read more
Flight delays in Sao Paolo, Brazil. Truckers led down unsafe routes in Richmond, Vermont. And power grid disruptions throughout Ukraine. These troubles stem from a global communication system highly reliant on GPS satellites and the signals they transmit for essential functions. To ensure that U.S. infrastructure won’t fall apart — even if the nation’s GPS … Read more
Jaque Silva | SOPA Images | Lightrocket | Getty Images In late 2022, OpenAI’s launch of ChatGPT spurred an explosion of interest in the possibilities for artificial intelligence. Within months, some of the biggest tech companies in the world, including Microsoft, Meta and Google, joined the party, launching their own AI chatbots and generative AI … Read more
A Tesla Model S car equipped with Autopilot. David Paul Morris | Bloomberg | Getty Images Tesla said it will launch its “Full Self Driving” driver assistance product in Europe and China early next year. In a post on the X social media platform, Elon Musk’s electric vehicle company on Thursday said that the service … Read more
Tech stocks are looking to stabilize following Tuesday’s brutal session and Wednesday’s modest hangover. With many names well off their highs and the market finally shaking its string of ten straight overbought sessions, we are looking for places to put some of our robust 10% cash position to work. Following Tuesday’s sell-off, we wrote about … Read more
Nurphoto | Nurphoto | Getty Images Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa, which alongside Mastercard is one of the world’s largest card networks, said Thursday it plans to launch a dedicated service for account-to-account (A2A) payments in Europe next … Read more
Ray-Ban Meta smart glasses are powered by a Qualcomm chip. Qualcomm, Samsung and Google are working on smart glasses, according to Qualcomm CEO Cristiano Amon. Nurphoto | Nurphoto | Getty Images Qualcomm CEO Cristiano Amon told CNBC the chip designer is working with Samsung and Google to explore a mixed-reality set of glasses linked to … Read more
Workers are processing chips at a workshop of an optoelectronic technology company in Huai’an, China, on May 11, 2024. Costfoto | Nurphoto | Getty Images China is ramping up spending on chip manufacturing equipment, surpassing the combined expenditure of the U.S., South Korea, Taiwan and Japan in the first half of the year, according to … Read more
